3 New Strong Buy Ratings from Top-Rated Analysts: 03/20/2025

Looking for high-quality picks in an ugly market? Here’s a peek at the latest from our Strong Buy Stocks from Top Wall Street Analysts screener:

• Elastic N.V. (NYSE: ESTC) is a leader in the “digital gold” revolution
• DXP Enterprises Inc (NASDAQ: DXPE) is an under-the-radar pick that quietly ranks in the top 1% of stocks we track
• TurboTax parent company Intuit Inc (NASDAQ: INTU) is getting a lot of analyst love lately

(P.S. You can get even more picks like this daily —  Try WallStreetZen Premium today)

1. Elastic N.V. (NYSE: ESTC)

You might have heard data being referred to as digital gold. Whether structured or unstructured, it can be a treasury trove —from being leveraged for advertising or analyzed for actionable insights into optimizing processes. Elastic N.V.’s software products are used for this exact purpose — and Wall Street analysts have recognized the long-term potential of this technology.

Zen Rating: B (Buy) — see full analysis >  

Recent Price: $91.67  — get current quote > 

Max 1-year forecast: $150.00 

Why we’re watching:

• As mentioned, ESTC stock has received plenty of attention from Wall Street. It has a whopping 22 ratings — 13 of which are Strong Buys, rounded out by 5 Buys and 4 Holds. See the ratings
• The average 12-month price forecast for Elastic N.V. stock implies a 46.52% upside.
• Joel Fishbein of Truist Securities (a top 7% rated analyst)  maintained an earlier Strong Buy rating and hiked his price target from $135 to $145 on March 3, following the company’s Q3 2025 earnings.
• As the company's execution keeps getting better, Elastic NV delivered quarterly results that were better than Truist Securities' expectations, Fishbein told readers.
• The analyst noted that the company witnessed robust demand from search and Gen AI use cases and that there is potential for growth in Cloud consumption from bigger clients.
• Elastic N.V. stock carries an overall Zen Rating of B, and ranks in the top 13% of equities we track when considering our system’s 115 proprietary factors.
• A neural network model trained on over 20 years of fundamental and technical data has picked up on subtle patterns that point to a higher likelihood of outperformance, leading to ESTC’s Artificial Intelligence Component Grade rating of A — in this category, the stock is in the 99th percentile.
• In addition, the stock ranks in the top 2% according to Sentiment, and the top 6% according to Growth. (See all 7 Zen Component Grades here >)

2. DXP Enterprises Inc (NASDAQ: DXPE)

An under-the-radar pick that has been thriving at the intersection of manufacturing, energy, and water infrastructure, DXP Enterprises is an unassuming mid-cap company — but it merits close attention. The business specializes in maintenance, repair, and operating (MRO) products catered toward businesses that can’t afford any downtime. DXPE had a strong run in 2024 — and with a strong series of acquisitions that will continue this year, there’s quite a lot of reason to be optimistic regarding the stock’s future prospects.

Zen Rating:  A (Strong Buy) — see full analysis >  

Recent Price: $80.37  — get current quote > 

Max 1-year forecast: $95.00 

Why we’re watching:

• Remember how we said under the radar? At present, only 1 analyst covers DXPE stock — Stephens & Co. researcher Tommy Moll (a top 9% rated analyst), who recently reiterated a prior Strong Buy rating. See the ratings
• Notably Moll increased his price target for DXP Enterprises stock from $75 to $95, following the company’s Q4 and FY 2024 earnings call on March 6. 
• Moll told readers that the quarter beat Stephens &Co.'s revenue and EPS estimates. Looking ahead, the analyst said that DXP Enterprise's acquisition strategy should continue fueling growth, with seven acquisitions closed in 2024, another last month, and one to three more planned for mid-2025.
• DXP has an overall Zen Rating of A — placing it in the top 5% of the more than 4,600 stocks that our system tracks. To be a bit more precise, it actually ranks in the 99th percentile.
• In terms of its Growth Component Grade rating, DXP Enterprises stock ranks in the top 9% of equities.
• However, the stock’s Sentiment Component Grade rating, which tracks not only analyst recommendations but earnings surprises, short interest, and insider buying and selling, is an A — and in this category, DXPE is in the top 4% of stocks. (See all 7 Zen Component Grades here >)

3. Intuit Inc (NASDAQ: INTU)

Ever used TurboTax? You’re one of Intuit’s customers. For decades, this business has dominated the financial and compliance software market. Despite declining share prices, the company maintains a strong checkbook and enjoys confidence from Wall Street — which means it also merits a closer look.

Zen Rating: B (Buy) — see full analysis >  

Recent Price: $581.32  — get current quote > 

Max 1-year forecast: $800.00 

Why we’re watching:

• A consensus Strong Buy, INTU stock currently has 7 Strong Buy ratings, 4 Buy ratings, and a single Hold rating. See the ratings
• Banking giant JP Morgan equity researcher Mark Murphy (a top 14% analyst) upgraded Intuit Inc. stock from a Buy to a Strong Buy following the company’s Q2 2025 earnings call. The analyst also increased his price target from $640 to $660.
• In a post-print review, Murphy backgrounded that Intuit stock has "underperformed to such an extent that it currently trades below where it was 3.5 years ago when the term 'transitory inflation was retired in 2021/11."
• Intuit has innovated and executed "quite well," the analyst continued, "with most of the stock's underperformance stemming from a valuation reset."
• Murphy told readers that the underperformance has created an attractive entry point for a company projected to grow revenue by 12% this fiscal year with expanding margins and a "sticky" revenue stream and shares that do not trade at much of a growth-adjusted premium to the S&P 500.
• Stocks that have an overall Zen Rating of B, like INTU, have historically provided an average annual return of 19.88%.
• Sentiment and Financials are INTU’s strong points — in both areas, the stock ranks in the top 10% of the more than 4,600 equities that we track. (See all 7 Zen Component Grades here >)

What to Do Next?

• 8 Stock Lists You Need Now >
• See All “A” Rated Stocks with +32.52% Average Annual Return > 
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